Pandemic Darlings The pandemic economy, in original documents
Home Source documents Senate Bill 5026 — Prelicensing Education Requirements for Insurance Producers (Washington, 2023)

Senate Bill 5026 — Prelicensing Education Requirements for Insurance Producers (Washington, 2023)

Summary

Senate Bill 5026, State of Washington, 68th Legislature, 2023 Regular Session, by Senators Mullet, Dozier, and Gildon, among others, prefiled 12/06/22 and read first time 01/09/23. It was referred to the Committee on Business, Financial Services, Gaming & Trade. The act relates to the elimination of prelicensing education requirements for licensed insurance producers and amends RCW 48.17.090. That section lists what the commissioner must find before approving an application, including payment of the fees set forth in RCW 48.14.010 and passing the examinations; the item on a prelicensing course of study appears in double parentheses.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Cite this document

“Senate Bill 5026 — Prelicensing Education Requirements for Insurance Producers (Washington, 2023).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-01-24-a30526-bill-5026-c410880f19/, SHA-256 c3b02e00cbefd17992abfc5ce0377dde446830520dedd79a3b9a31d0e1e78d0a.

Full text

     S-0016.1

                               SENATE BILL 5026


     State of Washington       68th Legislature          2023 Regular Session

     By Senators Mullet, Dozier, Gildon, and L. Wilson

     Prefiled 12/06/22. Read first time 01/09/23. Referred to Committee
     on Business, Financial Services, Gaming & Trade.




 1       AN ACT Relating to the elimination of prelicensing education
 2   requirements for licensed insurance producers; and amending RCW
 3   48.17.090.


 4   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:


 5       Sec. 1.   RCW 48.17.090 and 2009 c 162 s 15 are each amended to
 6   read as follows:
 7       (1) An individual applying for a resident insurance producer
 8   license shall make application to the commissioner on the uniform
 9   application and declare under penalty of refusal, suspension, or
10   revocation of the license that the statements made in the application
11   are true, correct, and complete to the best of the individual's
12   knowledge and belief. As a part of or in connection with the
13   application, the individual applicant shall furnish information
14   concerning the applicant's identity, including fingerprints for
15   submission to the Washington state patrol, the federal bureau of
16   investigation, and any governmental agency or entity authorized to
17   receive this information for a state and national criminal history
18   background check. If, in the process of verifying fingerprints,
19   business records, or other information, the commissioner's office
20   incurs fees or charges from another governmental agency or from a


                                     p. 1                             SB 5026
 1   business firm, the amount of the fees or charges shall be paid to the
 2   commissioner's office by the applicant.
 3       (2) Before approving the application, the commissioner shall find
 4   that the individual:
 5       (a) Is at least eighteen years of age;
 6       (b) Has not committed any act that is a ground for denial,
 7   suspension, or revocation set forth in RCW 48.17.530;
 8       (c) ((Has completed a prelicensing course of study for the lines
 9   of authority for which the person has applied;
10       (d))) Has paid the fees set forth in RCW 48.14.010; and
11       (((e))) (d) Has successfully passed the examinations for the
12   lines of authority for which the person has applied.
13       (3) A resident business entity acting as an insurance producer is
14   required to obtain an insurance producer license. Application shall
15   be made using the uniform business entity application, and the
16   individual signing the application shall declare under penalty of
17   refusal, suspension, or revocation of the license that the statements
18   made in the application are true, correct, and complete to the best
19   of the individual's knowledge and belief. Before approving the
20   application, the commissioner shall find that:
21       (a) The business entity has paid the fees set forth in RCW
22   48.14.010;
23       (b) The business entity has designated a licensed insurance
24   producer responsible for the business entity's compliance with the
25   insurance laws and rules of this state; and
26       (c) The business entity has not committed any act that is a
27   ground for denial, suspension, or revocation set forth in RCW
28   48.17.530.
29       (4) A resident business entity acting as a title insurance agent
30   is required to obtain a title insurance agent license. Application
31   shall be made to the commissioner on the uniform business entity
32   application, and the individual submitting the application shall
33   declare under penalty of refusal, suspension, or revocation of the
34   license that the statements made in the application are true,
35   correct, and complete to the best of the individual's knowledge and
36   belief. Before approving the application, the commissioner shall find
37   that the business entity:
38       (a) Has paid the fees set forth in RCW 48.14.010;
39       (b) Maintains a lawfully established place of business in this
40   state;
                                     p. 2                          SB 5026
 1       (c) Is empowered to be a title insurance agent under a members'
 2   agreement, if a limited liability company, or by its articles of
 3   incorporation;
 4       (d) Is appointed as an agent by one or more authorized title
 5   insurance companies; and
 6       (e) Has complied with RCW 48.29.155 and 48.29.160.
 7       (5) The commissioner may require any documents reasonably
 8   necessary to verify the information contained in an application and
 9   may, from time to time, require any licensed insurance producer or
10   title insurance agent to produce the information called for in an
11   application for license.

                                 --- END ---




                                    p. 3                         SB 5026

File and source

File
2023-01-24_a30526_bill_5026.pdf
Size
63,724 bytes
SHA-256
c3b02e00cbefd17992abfc5ce0377dde446830520dedd79a3b9a31d0e1e78d0a
Our copy
2023-01-24_a30526_bill_5026.pdf
Original
No public link identified.
Back to top